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Pan African Minerals to seek compensation from Burkina Faso

Pan African Minerals, a unit of Romanian-Australian resource tycoon Frank Timis’s mining conglomerate, will seek compensation from Burkina Faso for losses incurred during a suspension of its Tambao manganese mine, a company executive said on Tuesday. The West African nation’s transitional government suspended Pan African’s licence to export ore from the mine in March, saying it had not respected the terms of the agreement.